In an exclusive interview, Greek Prime Minister Lucas Papademos is taking straight aim at those who suggest Greece should abandon the euro: “This is really not an option.”
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1 Keep 30 per cent in cash.
2 Keep up to 10 per cent in gold
3 Don’t own government bonds with more than two years in maturity.
http://www.cityam.com/wealth-management/10-key-points-your-investment-diary-2012
2 Keep up to 10 per cent in gold
3 Don’t own government bonds with more than two years in maturity.
http://www.cityam.com/wealth-management/10-key-points-your-investment-diary-2012
WHILE we remain cautious about the coming months and are positioned accordingly, we see the market environment slowly improving. Improving economic data, better than expected corporate earnings, fair ...
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The much-feared, yet equally much-anticipated, EU sovereign credit rating downgrades have arrived. The winners were Germany, the Netherlands, Finland, and Luxembourg, which saw their AAA ratings susta...
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The European Central Bank's increasingly swollen balance sheet has helped bring a measure of calm to volatile markets, but some believe it could itself become a problem and bring more volatility to th...
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China’s economy probably grew the least in 10 quarters in the last three months of 2011 and may cool further as export demand slumps and officials prolong a campaign against property bubbles.
http://www.bloomberg.com/news/2012-01-15/china-economic-growth-may-slow-to-10-quarter-low-with-worst-yet-to-come-.html
http://www.bloomberg.com/news/2012-01-15/china-economic-growth-may-slow-to-10-quarter-low-with-worst-yet-to-come-.html
China’s economy probably grew the least in 10 quarters in the last three months of 2011 and may cool further as export demand slumps and officials prolong a campaign against property bubbles.
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EUR/USD is trading above its recent 17-month low printed on Friday, around 1.2620, after having traded a tight 1.2625/60 range so far this Monday. To the downside, support is seen 1.2580 and 1.2550, with resistance at 1.2690 and 1.2730.
http://www.fxstreet.com/news/forex-news/article.aspx?storyid=bb1802e2-86dc-40a1-8bd4-3860232db987
http://www.fxstreet.com/news/forex-news/article.aspx?storyid=bb1802e2-86dc-40a1-8bd4-3860232db987
The EUR/USD paring has opened the week well offered as market participants take a cue from S&P, which recently cut nine European nation’s debt ratings with a negative outlook for 14 euro zone coun...
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we have now confirmed the Medium-term trend is back in favour to the upside after a close above $1,642. We remain bullish in both time frames and now expect a test of resistance at $1,661 initially and ultimately a move back to $1,700 quite quickly. Support sits initially at $1,641 and below here at $1,625 and $1,600/05. Only below the latter would we be concerned so stops on longs are now trailed just under this support level form $1,580.
http://www.oilngold.com/analysis/commodity-technical-analysis/commodity-report-gold--2012011620574/
http://www.oilngold.com/analysis/commodity-technical-analysis/commodity-report-gold--2012011620574/
Commodity Report: Gold GOLD continues to rise as gains in the Euro are helping to support commodity prices as the outlook starts to improve, especially in the US. Investors are not yet moving back in...
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ATHENS—Greece will resume talks with its private-sector creditors next week on a massive debt restructuring plan, with an aim to reach the outlines of a deal in time for a Feb. 23 meeting of euro-zone finance ministers.http://online.wsj.com/article/SB10001424052970204555904577162411136702068.html
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Standard & Poor's Ratings Services' decision to strip France of its prized triple-A debt rating exposes President Nicolas Sarkozy to hard criticism three months ahead of the country's ...
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Bank earnings get soft start, but results from Jamie Dimon's firm are as expected.
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Standard & Poor’s is stripping France of its AAA credit rating for the first time, Finance Minister Francois Baroin said, reflecting the risk to the country from the spread of the euro-area debt c...
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Forex Humor:
An English teacher asked her class to write an essay on what they'd do if they had a million pounds. John handed in a blank sheet of paper. John! yelled the teacher, you've done nothing why?!
Because if i had a million pounds, that's exactly what i would do said John!
An English teacher asked her class to write an essay on what they'd do if they had a million pounds. John handed in a blank sheet of paper. John! yelled the teacher, you've done nothing why?!
Because if i had a million pounds, that's exactly what i would do said John!
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Markets extended the gains recorded yesterday during the European session today as optimism dominated the market on speculation Italy will run another successful bond sale today; however, downside pre...
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Julius Malema recently marched to Pretoria demanding
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China should further diversify its foreign-exchange portfolio and make more gold purchases when the gold price dipshttp://www.businesslive.co.za/southafrica/sa_markets/2012/01/13/china-may-buy-gold-despite-reserve-drop
China's foreign exchange reserves, the largest in the world, fell to US$3.18-trillion in the fourth quarter of 2011 from $3.202-trillion in the third quarter. It reached a peak of $3.274-trillion ...
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This is what happened in Thailand 15 years ago.
http://www.reuters.com/article/2012/01/13/uk-hedge-funds-greece-idUSLNE80C00P20120113
http://www.reuters.com/article/2012/01/13/uk-hedge-funds-greece-idUSLNE80C00P20120113
LONDON (Reuters) - Hedge funds are positioning to profit from a plan to slash Greece's towering debt pile as Athens enters final talks that could sway the country's membership of the euro.York Capital...
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Oil dropped the most in two weeks after a proposed European Union embargo of Iranian oil imports was said likely to be delayed for six months.
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EUR/USD has come under accelerated selling pressure post Italian auction results. We’re down at 1.2785 having been down as low as 1.2773.
Talk of buy orders clustered 1.2750/60, stops below there.
I thought the Italian auction results were not that bad and am a little surprised by the extent of the subsequent EUR/USD sell-off.
http://www.forexlive.com/blog/2012/01/13/eurusd-slides-post-italian-auction-buy-orders-stops-noted/
Talk of buy orders clustered 1.2750/60, stops below there.
I thought the Italian auction results were not that bad and am a little surprised by the extent of the subsequent EUR/USD sell-off.
http://www.forexlive.com/blog/2012/01/13/eurusd-slides-post-italian-auction-buy-orders-stops-noted/
EUR/USD has come under accelerated selling pressure post Italian auction results. We're down at 1.2785 having been down as low as 1.2773. Talk of buy
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Italy's three-year debt costs fell below 5 percent at the first bond auction of the year spurring hopes the troubled borrower would be able to make it through a refinancing hump in the first months of the year.http://www.reuters.com/article/2012/01/13/us-italy-bonds-idUSTRE80C0LN20120113
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Forex News and Events: Risk correlated assets continued to make gains in Asian session due to the optimism sprung from yesterdays well received Spanish and Italian auctions. EURUSD traded up to 1.2879...
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After a stronger-than-expected first week of 2012, with the single currency trading above the 1.3000 mark against the greenback and at the same time posting....
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A Greek exit from the euro would pose a “significantly smaller” risk of contagion to the rest of the currency area than two years ago before Greece asked for aid, two lawmakers from Chancellor Angela ...
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The bloc currency has managed to stay ‘alive’ above the 1.2700 mark in the last sessions amid renewed concerns about the euro zone and the rumours of Fitch....
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Spain sold 9.98 billion euros of bonds maturing in 2015 and 2016, including a new three-year benchmark security, twice the maximum target of 5 billion euros set for the sale.
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Most European stocks advanced as Italy and Spain prepared for their first debt auctions this year and after the Federal Reserve said America’s economy improved last month. U.S. index futures were litt...
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Italy and Spain will seek to sell as much as 17 billion euros ($21.5 billion) in debt as Premier Mario Monti seeks recognition for austerity efforts and Prime Minister Mariano Rajoy vows to meet his b...
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Hedge funds in New York and London are trying to profit from trading Greek government bonds as European banks brace for losses from a debt swap.
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The Euro is looking to the ECB rate decision for salvation, with only a pledge of increased support for at-risk Eurozone member states likely to
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Globe Gain Daily Review 12/01/2012
EUR/USD The single currency fell to 1.2662 yesterday, which is 5 points below the previous local minimum. These sales were caused by a number of reaso
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Germany's consumer price inflation for December was confirmed as posting a 2.1 percent rise year-on-year and a 0.7 percent increase on a monthly basis, the Federal Statistics Office said on Thursday.
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Eyes today remain on the euro area to see the latest developments and policy makers' monetary actions at the beginning of 2012 amid concerns the European debt crisis would push global economies into a...
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European stocks were little changed as Italy and Spain prepared for their first debt auctions this year and after the Federal Reserve said America’s economy improved last month. U.S. index futures and...
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The European economy may be winning some respite from its sovereign debt crisis.
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France’s inflation rate held at a three-year high in December as President Nicolas Sarkozy’s government cleared increases in gas and electricity prices and raised the sales tax on services such as pub...
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The German economy grew strongly last year, despite the European debt crisis. Gross domestic product jumped by 3 percent, while the national deficit sank, the Federal Statistical Office reported on We...
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Globe Gain Daily Review 11/01/2012
EUR/USD Yesterday Fitch Ratings voiced its traditional commentary on the situation in Europe. The agency’s spokesman said that the ratings of Spain, I
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European Union leaders are set to change the date of their next summit on the debt crisis to avoid meeting during a general strike called across Belgium on January 30, sources said Wednesday.
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U.S. stocks fall, with the S&P 500 retreating from July highs, but come well off early weakness, as investors consider whether Europe’s debt problems would curb the global economy.
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Some aspects of trading (especially patience) can be likened to that of a fisherman. Trading, like fishing requires a patient mind in order to be successful.
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Breaking forex news, currency market analysis, videos and FX education. We provide valuable information and resources to all Forex traders.
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According to Morgan Stanley, when the rest of the world is not outperforming, “bad news” in the United States will be more supportive for the American currency in the flight to safety.
The bank says that EUR/USD will end the year at $1.2000.http://www.fbs.com/analytics/2012-01-11/16399-morgan-stanley-comments-eurusd
The bank says that EUR/USD will end the year at $1.2000.http://www.fbs.com/analytics/2012-01-11/16399-morgan-stanley-comments-eurusd
Analysts at Morgan Stanley believe that the European Central Bank will lower its benchmark rate to 0.5% and keep it at this level through 2012 in order to support the weak European economy. As a resul...
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The technical picture looks now more robust - the metal broke key resistance levels at 200-day moving average of $1,636 yesterday and at $1,642 earlier today. The next upside targets stand at $1,647 and $1,657, while support is pegged at $1,631.
http://www.fxstreet.com/news/forex-news/article.aspx?storyid=1368db42-fe30-43bc-9875-fa4dc95a29c9
http://www.fxstreet.com/news/forex-news/article.aspx?storyid=1368db42-fe30-43bc-9875-fa4dc95a29c9
Read the full article at FXstreet.com
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How low will the euro go?
http://finance.fortune.cnn.com/2012/01/10/how-low-will-the-euro-go/
http://finance.fortune.cnn.com/2012/01/10/how-low-will-the-euro-go/
The currency remained resilient through most of Europe's turmoil last year, but investors are finally beginning to see the euro for what it is: Weak. FORTUNE -- Investors have been unnerved for more ...
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Ben S. Bernanke is signaling his willingness to double down on a three-year bet that’s failed to revive housing, showing the extent of the Federal Reserve chairman’s effort to wrest a recovery from th...
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Oil fell from near the highest settlement in almost a week amid concern that a shrinking German economy may drag Europe into a recession, reducing demand.
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The shared currency is recovering some pips after bottoming at 1.2681 bolstered by comments made by A.Merkel and M.Draghi about how to strengthen the ESM and...
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(eToro Blog) Preliminary data from the German Federal Statistics Office suggests that the Germany economy remains relatively resilient to the Eurozone’s debt
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The cross hit 1.2783 (high of session so far) soon after the release of the German GDP data, raising 3% in line with expectations and showing that Q4 was not very...
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Online Forex - Germany....the big strong man pulling the rest of Europe up a steep hill in a wobbly cart on a road with a big oil spill on it. HEAVE!
Jan 11, 2012
Add a comment...
Was expecting a bigger bounce, but eurusd still wobbly
Although helped by equities and bonds EUR/USD fell back from highs of just 1.2815 with large unfilled sell orders reported.
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The bank expects EUR/USD to drop to $1.25 in the next 3 months and then to $1.20 by the end of 2012.
http://www.fbs.com/analytics/2012-01-10/16388-citigroup-ecb-wont-cut-rates-until-february
http://www.fbs.com/analytics/2012-01-10/16388-citigroup-ecb-wont-cut-rates-until-february
Analysts at Citigroup believe that the European Central Bank will definitely cut interest rates, but this won't happen until February as the euro zone's monetary authorities need to wait for t...
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Oil rose for the first time in four days on renewed concern that Middle East tension will disrupt supply and as equities advanced, raising economic optimism.
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reports shortages of almost half the country’s 500 most-used medicines. The financial crisis is brewing a “Greek tragedy” of slowing access to medical care and worsening outcomes for patientshttp://www.bloomberg.com/news/2012-01-10/greek-crisis-has-pharmacists-pleading-for-aspirin-as-drug-supply-dries-up.html
For patients and pharmacists in financially stricken Greece, even finding aspirin has turned into a headache.
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Tokyo Electric Power Co. is in talks with banks to borrow as much as 2 trillion yen ($26 billion) to help stave off bankruptcy as it compensates victims of the Fukushima nuclear disaster and decommiss...
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India abandoned a rule against foreign single-brand retailers operating stores without a local partner, paving the way for global companies including Starbucks Corp. and Ikea.
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India, which is building the world’s second-tallest skyscraper, is catching up with China in an office building boom that may indicate that an economic slowdown is imminent, according to Barclays Capi...
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The greenback was softer at the close of North American trade on Monday with the Dow Jones FXCM Dollar Index (Ticker: USDollar) sliding 0.25% on the session. Equity markets spent the bulk of the sessi...
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* Euro supported by short covering
* Italy, Spain debt auctions, ECB meet loom
* Chinese trade data disappoints
* Market tests SNB resolve after resignation
http://www.reuters.com/article/2012/01/10/markets-forex-idUSL3E8CA28J20120110
* Italy, Spain debt auctions, ECB meet loom
* Chinese trade data disappoints
* Market tests SNB resolve after resignation
http://www.reuters.com/article/2012/01/10/markets-forex-idUSL3E8CA28J20120110
* Euro supported by short covering* Italy, Spain debt auctions, ECB meet loom* Chinese trade data disappoints* Market tests SNB resolve after resignationBy Lisa Twaronite and Ian ChuaTOKYO, Jan 10
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TOKYO (Reuters) - Asian shares and the euro rose on Tuesday, but concerns over funding of euro zone sovereigns ahead of key auctions this week and of the debt crisis spilling into the wider financial ...
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China’s import growth fell to a two- year low in December, underscoring a slowdown in the world’s fastest-growing major economy that deepens risks for the global outlook.
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Three years ago, President Barack Obama came into office with a very good idea: He would reach out to the mullahs in Iran to see whether they were interested in rethinking their hate-based relationshi...
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“DINNER for one”, a 1963 British comedy sketch barely known in its country of origin, is Germans’ favourite television viewing on New Year’s Eve.
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Private role in Greek debt remains voluntary; Greece is an exception Situation is complex, tense No one summit will solve all euro problems Securing
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Good chance we will get debt brake commitment signed in January, or March at latest Germany, France checking how to speed up paying capital into
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Merkel, Sarkozy To Detail Fiscal Compact, China Eases Today French President Sarkozy will meet with Chancellor Merkel in Germany where the two Eurozone heavyweights will seek to hammer out the details...
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The coming months will be decisive in determining whether European leaders can hold their increasingly fragile currency bloc together or will stumble in the face of a daunting set of political, economic and financial obstacles lined up in their path at the start of the new year.http://www.reuters.com/article/2012/01/09/us-eurozone-challenges-idUSTRE80809C20120109
BERLIN (Reuters) - The euro zone crisis seemed to vanish from the headlines for a brief moment as 2011 ticked over into 2012, but it is about to return with a vengeance.The coming months will be decis...
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“On the way south, 1.2645 (September 2010 low) is immediate support, while on the upside 1.2770 up to 1.2800 will be a the first hostile territory buyers should surpass to attempt a comeback to 1.2860 up to 1.2900, hot technical level”
http://www.fxstreet.com/news/forex-news/article.aspx?storyid=0533bf4b-8f31-4b35-9241-b5cd4b092bb3
http://www.fxstreet.com/news/forex-news/article.aspx?storyid=0533bf4b-8f31-4b35-9241-b5cd4b092bb3
The pair was already rising ahead of Germany’s data release after having printed a lower low at 1.2666 during the Asian session.
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European Central Bank President Mario Draghi may act more like Ben S. Bernanke than Jean-Claude Trichet in 2012.
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Financial markets eased a tad in Asian session on Monday. While the US data released last week contained pleasant surprises, sovereign debt problems in the Eurozone remained worrisome. As the US calen...
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